Experience Stern | News & Events

Excerpt from TIME -- "A surprise currency devaluation and continued downward drift in the value of the yuan against the dollar have investors concerned that some of China’s trade partners will have to devalue their own currencies to avoid losing a competitive commercial advantage. That could trigger a currency war that would ravage global trade."

Excerpt from TIME -- "The world economy has had a rough start in 2016, and it will continue to be characterized by a new abnormal: in the behavior of growth, of economic policies, of inflation and of key asset prices and financial markets."

Excerpt from Bloomberg -- "Lotteries have long been a form of public financing and the museum has tickets from the Revolutionary and early Federal era in its collections, said Richard Sylla, the [Museum of American Finance's] chairman. He said his dorm at Harvard was built in the early 1800s partly with lottery money."

Excerpt from MarketWatch -- "'They are very lucky to have built up a reservoir of trust over time,' agrees Schenkler, at NYU. 'They have reputational capital, which gives them a well of goodwill. So once media coverage erodes, things will get back to where they were.'"

Excerpt from Business News Daily -- "Taking a cutthroat approach isn't always the best way to get what you want when negotiating, new research finds. Bringing emotion into negotiations often elicits compassion from the other party, making that person more likely to develop sympathy and, in turn, more willing to compromise and find creative solutions, finds a study set to be published in the journal Organizational Behavior and Human Decision Processes."

Excerpt from SarderTV -- "The easiest way to think of bounded awareness, it's that moment we experience when we're looking for the butter in the fridge and we claim there is no butter in the fridge. And we insist that we looked and there really was no butter in the fridge. And then our family member comes and says, 'There's the butter in the fridge!' And we say, 'How did I miss that? How did I not see it right in front of me.'"

Excerpt from Diario Financiero -- "The collapse of the stock market in China and increased global volatility triggered by the devaluation of the yuan, he said, 'will not lead to a collapse' in the second-largest economy in the world, but it may be pointing to problems the Asian giant will have 'for longer than had been thought.'"

A report issued jointly by the NYU Pollack Center for Law & Business and Cornerstone Research reveals that the U.S. Securities and Exchange Commission (SEC) filed 76 percent of its enforcement actions against public company defendants as administrative proceedings in fiscal year (FY) 2015.

Excerpt from Machine Design -- "'... Sony invested in improving their technology of Super Audio CD at a time when they believed customers cared about every increasing fidelity,' says Schilling. 'Unfortunately, we were already nearly at the limits of human hearing in terms of audio fidelity, so the payoff to increasing fidelity wasn’t very big. While Super Audio CD and HD Audio were competing to be the highest fidelity audio formats, the MP3 format offered customers something they valued more—portability—and wiped Super Audio and HD Audio off the map.'"

Excerpt from The News Journal -- "'For about 150 years, the United States did not have interstate banking and what those did was help advance the agenda of that movement so that, lo and behold, we got the Riegle-Neal Interstate Banking Act of 1994,' [Sylla] said."

Excerpt from NexChange -- "'The accounting system provides very little, very biased information,' says Baruch Lev, professor of accounting and finance at New York University. 'The call is a very, very important venue to provide this information.'"

Excerpt from The Washington Post -- "'Commercial banks could have [lent money to shadow banks] in the 1960s or earlier, even before the Fed and the OCC [Office of the Comptroller of the Currency] and court decisions began to loosen the strictures of Glass-Steagall,' said Lawrence J. White, an expert on financial regulation at New York University’s Stern School of Business."

Excerpt from LinkedIn -- "In short: learn cultures, not languages. Study other points of view. The more you know about different regions of the world, the better off you are. You’ll need it going forward."

Excerpt from Financial News -- "The U.S. has begun to raise interest rates and called off its 'QE' activity, actions that ought to be followed before long in the EU and Japan. In general, governments now are less pressured to help the weak and more worried about all the debt they have taken on. They recognise that economic policies have to be more pragmatic."

Excerpt from CBS -- "NYU statistics professor Aaron Tenenbein did the math and found there’s only a 1 in 300-million chance of winning it all. 'If you’re an average golfer, you have a better chance of getting two successive holes in one,' he told CBS2’s Hazel Sanchez."

Excerpt from the Associated Press -- "The probability of you winning the lottery if you don't play is zero. The probability of you winning the lottery if you do play is about the same. And the reason for that is the probability of you actually winning on a single ticket is 1 in 292 million, which works out to be 0.00000000342."

The TRIUM Global Executive MBA program, a partnership between NYU’s Stern School of Business, the London School of Economics and Political Science, and HEC Paris School of Management, held a module in Silicon Valley, California from January 8 - 18, the first in the program’s history.

Excerpt from Kathimerini -- "Without reforms, a reduction of the State sector, reduction in taxation and increase in production, Greece will continue to repeatedly need EU loans, with its misery increasing. Still, prime minister Tsipras is popular because the opposition parties, and especially ND [New Democracy] have not yet presented reforms and policies that would solve the present problems."

Excerpt from the Financial Times -- "'A lot more pension funds and sovereign wealth funds dramatically expanded their portfolios into real estate,' says Stijn Van Nieuwerburgh, professor of finance at NYU Stern. This expansion is creating jobs in real estate beyond being a developer or landlord on the ground. 'Employers are contacting me daily to circulate positions among our real estate students,' he says."

Excerpt from CNBC -- "'Although public opinion fluctuates based on political, religious, and other demographics and in response to major mass shootings or presidential politics, there appears to be a majority bipartisan desire to establish certain level of gun control — at least as measured by response to the question in the GSS,' said Vishal Singh, a professor at New York University's Stern School of Business. Singh has closely studied the general social survey and has constructed an interactive visualization tool based on GSS data."

Excerpt from The Atlantic -- "'Interest rates are at historic lows ... companies had lots of capital available to them to borrow to engage in deals,' says Robert Salomon, an associate professor of management at New York University’s Stern School of Business. 'The second factor that you can’t ignore is that corporate balance sheets have a lot more cash: The amount of cash on them [is] at an all-time high.'"

Excerpt from Business Radio on Sirius XM -- "[The jobs report] shows you there's more strength in the US economy than people are thinking. It's not just this report. ADP looked good. I should also say the additional jobless claims are at a multi-year low. We haven't seen jobless claims this low in at least a decade or more."

Excerpt from branded.me -- "As a business analyst [at Brooklinen], I have my hands in a little bit of everything between operations, marketing, customer service, and biz dev. Every day is different here, so one day I will be working on building a forecasting model for our supply chain, the next I will be planning our next email campaign, and the next I'll be speaking to a potential business partner."

Excerpt from ValueWalk -- "To the question of 'Do activists make high returns?' both parties seem to agree that the answer is yes. That conclusion, though, may be based not only upon looking at the most successful, high profile investors in the group but also listening to the hype around them. Bill Ackman, Carl Icahn and Nelson Peltz have all had their share of bad investments, and looking collectively at all activist investors, the returns to activism are modest. In fact, given the cost of being activist, a large proportion of activist investors barely break even."

Excerpt from The Huffington Post -- "... The initial experience confirms that the Fed can raise interest rates even though the banking system is awash in excess reserves. By offering to pay interest on reserves, the Fed is placing a floor on the rate banks are willing to lend to households and firms. And, by offering to accept nonbank financial intermediaries overnight reverse repos in large volume, they are creating a floor under the market federal funds rate. If this pattern persists as policy rates rise, the new policy mechanics will be judged remarkably effective."